Katrina victims lose insurance fight

[coconut]

ABC News (http://abcnews.go.com/WNT/story?id=1430568)
USA Today (http://www.usatoday.com/money/industries/insurance/2006-08-15-katrina-legal_x.htm)

I feel so bad for these people. And I must agree with the man in the ABC article. There would have been no flood without the hurricane. What a mess!

[tandt]

This is really sad. I'm from the Gulf Coast and hurricanes have always been a part of life.

The concept of 'there wouldn't be a flood without a hurricane' can sometimes be a hard thing to swallow, but the policies are very straight-forward in the coverage.

My parents don't live right on the coast and they have always had flood insurance in addition to regular homeowners and hurricane coverage. It's amazing that Trent Lott didn't have it???

Even with these tough situations, I hope that consumers/insurance companies/insurance agents/governments/etc make a shift in their practices and decisions.

Hurricanes will keep coming and these are terrible lessons learned-- in lives and memories lost.

[ThreeYell]

Here's (http://www.nola.com/news/index.ssf/2008/04/state_supreme_court_sides_with.html) a current article from the New Orleans paper.

It's be great if more insurers would now come back to the state so that our disgustingly expensive rates could start going down, but I'm not holding my breath.

[Niobe]

Well, floods are usually caused by SOME kind of storm. They don't just like, happen magically - except maybe for Noah's big flood. ;) If you don't bother to carry flood insurance, then you don't have coverage when your house floods. Seems straightforward enough to me. Is it really some big shocking secret that homeowners insurance doesn't cover floods? I grew up in the Gulf Coast region too and that basic fact seems pretty well known - until a flood happens and then people are suddenly all "What?!? Nobody told me!!!" despite the 8 dozen advisories and sob stories that are put out every.single.year about these sorts of situations. :rolleyes: